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Required Information Use the following Information for the Exercises below. [The following information applies to the questions displayed below.) A food manufacturer reports the following

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Required Information Use the following Information for the Exercises below. [The following information applies to the questions displayed below.) A food manufacturer reports the following for two of its divisions for a recent year. (5 millions) Invested assets, beginning Invested assets, ending Sales Operating income Beverage Division $2,676 2,600 2,688 356 Cheese Division $4, 469 4,407 3,932 641 Exercise 09-13 Residual Income LO A1 Exercise 09-13 Residual Income LO A1 Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each civision (Enter your answers in millions.) Beverage Choose Targeted retum Tiget income income Beverage Cheet Residual income

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